CNBC Special Report: The Fed Factor 8/26/22
Mad Money w/ Jim Cramer
CNBC
4.3 • 4K Ratings
🗓️ 26 August 2022
⏱️ 45 minutes
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| 0:00.0 | All right, what we have right now is a market in sell-off mode. |
| 0:12.1 | As you can see here, things have gone all kinds of sideways with the Dow losing about |
| 0:16.6 | a thousand points overall. |
| 0:19.0 | There is so much stuff left to unpack here with this market. |
| 0:22.4 | It's crazy, the amount of uncertainty there is right now. |
| 0:26.6 | And overall, what you have to figure out is whether or not there is any kind of downside |
| 0:32.4 | left over here for the markets to come. |
| 0:34.8 | We are going to try to unpack all of this in every kind of feeling angle that you can |
| 0:41.4 | focus on here. |
| 0:42.6 | This is the Fed factor, the sell-off on the street. |
| 0:45.9 | Stocks dropping sharply as the Fed chair tells the market rates are headed higher and they're |
| 0:50.2 | going to stay there until inflation is under control even if it does damage. |
| 0:54.4 | And this is key, even if it does damage to the economy. |
| 0:57.4 | The move is sending shockwaves through the markets here, the Dow and the S&P and NASDAQ all |
| 1:01.0 | posting their worst day in over two months after Fed chair Jerome Powell's Jackson whole |
| 1:05.1 | speech. |
| 1:06.1 | The Dow dropping more than a thousand points, the NASDAQ down nearly 4% and all three indexes |
| 1:11.7 | going negative for the month of August. |
| 1:14.8 | Every sector in the S&P was lower today and tonight we will drill down on those moves |
| 1:19.2 | and the potential fallout coming up. |
| 1:21.6 | A recession fears have Wall Street on edge of course and why one analyst says the worry |
| 1:26.6 | is warranted. |
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